Aussie Meat made an investment in a banking software at a cost of $2 305 313

Finance Aug 07, 2020

Aussie Meat made an investment in a banking software at a cost of $2 305 313. The business expects productivity gains and cost savings over the next several years. If the company is expected to generate cash flows of $655 444, $830 397, $433 614 and $422 612 over the next 4 years, what is the investment's payback period?

Expert Solution

Payback period = 3.91 years

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